Jump Financial LLC Takes $1.44 Million Position in Woodward, Inc. (NASDAQ:WWD)

Jump Financial LLC acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWDFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,600 shares of the technology company’s stock, valued at approximately $1,441,000.

A number of other large investors have also added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in Woodward by 1.9% during the third quarter. Arizona State Retirement System now owns 16,239 shares of the technology company’s stock valued at $2,018,000 after buying an additional 301 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Woodward by 12.4% during the third quarter. Los Angeles Capital Management LLC now owns 83,901 shares of the technology company’s stock valued at $10,426,000 after buying an additional 9,259 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Woodward by 3.2% in the 3rd quarter. Victory Capital Management Inc. now owns 10,325 shares of the technology company’s stock worth $1,283,000 after purchasing an additional 322 shares in the last quarter. Graybill Wealth Management LTD. increased its holdings in shares of Woodward by 1.4% in the 3rd quarter. Graybill Wealth Management LTD. now owns 30,174 shares of the technology company’s stock worth $3,749,000 after purchasing an additional 403 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Woodward by 58.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 22,430 shares of the technology company’s stock worth $2,787,000 after purchasing an additional 8,255 shares in the last quarter. Hedge funds and other institutional investors own 79.63% of the company’s stock.

Woodward Price Performance

NASDAQ WWD opened at $136.26 on Friday. The company has a market capitalization of $8.18 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.54 and a current ratio of 2.65. The business’s fifty day moving average is $135.79 and its 200 day moving average is $130.07. Woodward, Inc. has a fifty-two week low of $88.30 and a fifty-two week high of $150.00.

Woodward (NASDAQ:WWDGet Free Report) last released its earnings results on Monday, January 29th. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.33. The company had revenue of $786.73 million for the quarter, compared to the consensus estimate of $750.13 million. Woodward had a return on equity of 15.26% and a net margin of 9.50%. Woodward’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Sell-side analysts predict that Woodward, Inc. will post 5.3 earnings per share for the current year.

Woodward Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from Woodward’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.73%. Woodward’s payout ratio is 18.57%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Woodward from $165.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. StockNews.com lowered Woodward from a “strong-buy” rating to a “buy” rating in a report on Friday. UBS Group lifted their target price on Woodward from $168.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Alembic Global Advisors lowered Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 target price for the company. in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Woodward from $128.00 to $147.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Check Out Our Latest Report on Woodward

Insider Activity at Woodward

In related news, Director John D. Cohn sold 2,500 shares of Woodward stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $136.49, for a total transaction of $341,225.00. Following the transaction, the director now directly owns 20,531 shares in the company, valued at $2,802,276.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Randall Hobbs sold 404 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $133.60, for a total value of $53,974.40. Following the transaction, the insider now directly owns 45,342 shares in the company, valued at $6,057,691.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John D. Cohn sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $136.49, for a total value of $341,225.00. Following the completion of the transaction, the director now owns 20,531 shares in the company, valued at $2,802,276.19. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Woodward Profile

(Free Report)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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